RERA was brought similar to a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring everything the agencies below a common surveillance. Every entity working in the genuine estate matter are compulsorily required to get itself registered under RERA after the introduction of the act. We pay for RERA consultancy facilities in Saharsa for all types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of all the submission related formalities under RERA regime to ensure serene and simple launch of any project along the length and breadth of Saharsa.
Who are required to get registered below RERA?
Following Entities are required to get linkage of Registration under RERA:
- A Developer Starting a additional project
- A project which has commenced since onset of RERA but realization certificate has not been issued/obtained
- An agent dealing in Real estate
- A project which has been advertised from a prior date but has not still started.
Is it mandatory to get all the projects registered under RERA?
Government has exempted behind projects from the purview of RERA:
- Renovation Projects
- Project having Place less than or equal to 500 sq ft or where the number of apartment is less than 8.
- A project whose triumph certificate was issued previously the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must before making any public announcement and receiving any money shall get its project registered following RERA. Full details approximately the project is required to be total in the application form, payment is made depending on the built up area of the project. In dogfight the builder/developer unproductive to get its project registered a big fine shall be imposed upon such builder.
Documents Required for Project Registration under RERA:
- PAN card of the promoter;
- Audited credit sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of door parking areas and the number of covered parking areas handy in the real estate project;
- Copy of the valid title ability reflecting the title of the supporter to the land;
- Details of encumbrances upon the land on which press on is proposed including details of any rights, title, interest, dues, litigation and publicize of party in or higher than such land along taking into account details;
- Where the advocate is not the owner of the land on which improve is proposed details of the succeed to of the owner of the land along similar to a copy of the agreement;
- Name, photograph, contact details and residence of the promoter.
- Agent Registration
In order to bring about a fair practice in Real house Sector and end monopolistic way in of the agents toward the customers, government has came going on with the concept of RERA Registration for Agents, whereby all agent must gain itself registered under RERA past dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall along with curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific mature of time and is subject to renewal.
Information Required for Registering as an agent below RERA:
- Brief details of his enterprise including its name, registered address, type of enterprise (proprietorship, societies, partnership, companies etc;
- Particulars of registration including the bye-laws, or memorandum of relationship and articles of association, etc. as the encounter may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in feat of new entities;
- Authenticated copy of the PAN Card;
- Income tax returns filed below the provisions of the Income Tax Act, 1961 (Central Act 43 of 1961) for three financial years preceding the application or in lawsuit the applicant was exempted from filing returns below the provisions of the Income Tax Act, 1961 for any of the three years preceding the application, a declaration to such effect;
- Authenticated copy of the residence proof of the place of business; and such supplementary information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a union or any additional related person has plenty reason that rules are not innate followed following regard to any project or by any agent next he can lodge a formal complaint behind the appropriate commissioner with valid proof of the concern demanding him to see into the issue, by paying a press on of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either allow registration of renounce the application within 30 days of submitting of such application by the applicant in the department.